QUES Review the report below and calculate and label the reported variances Actual Spending 36,000 Actual Input x Budgeted Rate 32,500 Flex Bud Static Budget Variable costs (3,500) 4,500 37,000 Fixed Costs 17,500 (500) 17,000 17,000 (800) 16,200 Do not use commas in your inputs. Use Fto indicate Favorable and U to indicate Unfavorable. Spending Variance Variable Costs For Efficiency Variance Variable Costs F FONU Spending Variance Fixed Costs Foru U Production Volume Variance I F For U